NAZ will test recent high before any move lower. The TL (blue) has been good support, no significant news until Tuesday at 7:30 CT. Buy dips, target all time high. No significant presence of sellers or heavy selling, there have been a few spots that would of been opportunities for sellers to step in.
Comment:
Daily pivots are narrow, expect the NAZ to zig zag over the next day. Testing lower levels and bouncing will get the NAZ higher, any straight vertical lift prior to Open will be sold off for a test, providing a second change to go Long or short from higher near High prior to Open.
Comment:
Upper Long Target is hit. Look for NAZ to test Low of 13990, Short from Stall and target low, reverse back to high. Keep in mind that 200 - 300 points should be generated in the narrow range by EOD.
Comment:
NQ1 numbers, Upper Target is 14070, Long Short type of day, not looking for run away Long.
Comment:
NAZ Stalls, load up Shorts and target lower end.
Comment:
Once again, The NAZ can not get above Overnight Prop and is struggling. This would be considered strange price action of a Bull run?? Friday the NAZ did pull off a pop to the highs after a similar decline, this was a surprise and lets see if there is enough strength today.
Comment:
NAZ has developed enough strength to get back to Top, Lets see if it can pass this level? This would be impressive now 2 days in a row, or does it sell off as usual.
Trade closed: target reached